NOTE 13 — SUBSEQUENT EVENT

On April 20, 2026, the Company completed a private placement of 7,962,963 units at a purchase price of $0.27 per unit, generating gross proceeds of approximately $2.15 million, consisting of $1.80 million in cash and a reduction of $351,000 in outstanding principal of the Company’s Convertible Notes, the holders of which applied such principal amounts toward the purchase of units in the offering in lieu of cash.

Each unit consisted of one share of common stock and one warrant to purchase one share of common stock at an exercise price of $0.3375 per share, exercisable for a period of three years. If fully exercised, the warrants would provide up to approximately $2.69 million in additional gross proceeds.

The Company incurred approximately $332,000 in costs associated with the private placement, including legal expenses, which is recorded as deferred financing costs on the balance sheet as of March 31, 2026.